Air France-KLM (OTCMKTS:AFLYY) Shares Pass Above 200 Day Moving Average - Here's What Happened

Key Points

• Air France-KLM's shares rose above their 200-day moving average, reaching a high of $1.41 during trading on Monday.
• The company reported earnings per share of $0.25 for the last quarter, exceeding analysts' expectations of $0.18, and recorded revenue of $9.66 billion.
• Recent analyst ratings include a "hold" from Deutsche Bank and an upgrade to "equal weight" by Barclays, with the current consensus rating at "Hold."

Shares of Air France-KLM SA (OTCMKTS:AFLYY - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.22 and traded as high as $1.41. Air France-KLM shares last traded at $1.39, with a volume of 109,301 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Air France-KLM in a report on Friday, July 4th. Barclays upgraded Air France-KLM from an "underweight" rating to an "equal weight" rating in a research note on Monday, August 4th. Finally, Morgan Stanley started coverage on Air France-KLM in a research note on Wednesday, October 15th. They issued an "equal weight" rating for the company. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold".

Air France-KLM Trading Down 1.4%

The firm has a fifty day simple moving average of $1.51 and a two-hundred day simple moving average of $1.22. The firm has a market capitalization of $3.65 billion, a P/E ratio of 3.31, a price-to-earnings-growth ratio of 0.13 and a beta of 1.85. The company has a debt-to-equity ratio of 8.69, a current ratio of 0.60 and a quick ratio of 0.55.

Air France-KLM (OTCMKTS:AFLYY - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The transportation company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.07. Air France-KLM had a return on equity of 116.09% and a net margin of 3.30%.The business had revenue of $9.66 billion during the quarter, compared to analyst estimates of $8.44 billion. On average, equities research analysts anticipate that Air France-KLM SA will post 0.21 earnings per share for the current fiscal year.

Air France-KLM Company Profile

Air France-KLM SA, together with its subsidiaries, provides passenger and cargo transportation services and aeronautical maintenance in Metropolitan France, Benelux, rest of Europe, and internationally. The company operates through three segments: Airframe maintenance, Engine Maintenance, and Component Support.

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